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Former Peregrine execs plead guilty, indicted.

Publication: San Diego Business Journal
Publication Date: 31-JUL-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Former Peregrine execs plead guilty, indicted.(Peregrine Systems)(Douglas Stephen Powanda)

Article Excerpt
Peregrine Systems, the San Diego software firm that melted down after revelations of accounting fraud in 2002, is still making news but not the positive type. Peregrine, which filed bankruptcy in 2002 and emerged the following year, was sold last year to Hewlett Packard Cos. for $425 million in cash.

Earlier this month, Douglas Stephen Powanda, its former vice president of worldwide sales, pleaded guilty to conspiracy to commit securities fraud. Powanda, 50, and now...

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